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Stock Market & Financial Investment News

News Breaks
June 13, 2014
10:09 EDTMDP, TIME, TWXTime Inc. seen as acquistion target for Meredith
Magazine publisher Time Inc. (TIME) could be acquired by another magazine publisher, Meredith (MDP), late next year, Citigroup wrote in a note to investors earlier today. Citigroup initiated coverage of Time, which was spun off earlier this month by Time Warner (TWX), with a $28 price target and Buy rating. WHAT'S NEW: Meredith could buy Time in the fourth quarter of 2015, Citi analyst Jason Bazinet predicted. The deal is not likely to occur before then because of the tax-free nature of the Tiime spin-off, the analyst believes. Time shareholders would probably receive $28 per share in a takeover and would have 40%-48% of Meredith's equity following the deal, Bazinet estimated. The combined company could obtain $175M in annual cost savings from the deal and Meredith's stock would likely rise in the wake of the acquisition, the analyst believes. PRICE ACTION: In early trading, Time fell about 1% to $22.28 while Meredith was also down 1% to $43.80.
News For TIME;MDP;TWX From The Last 14 Days
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May 17, 2015
15:37 EDTTWXUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
May 15, 2015
16:51 EDTTIMEGreenlight Capital gives quarterly update on stakes
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May 14, 2015
10:50 EDTMDPMeredith to comment on strategic priorities at Jefferies TMT Conference
Strategic priorities include: Growing non-political advertising revenue in Local Media, increasing retransmission revenue and contribution, enhancing digital and mobile platforms. In National Media, priorities include evolving and strengthening advertising activities, aggressively expanding digital-related business, growing revenue from individual consumer. For Corporate, priorities include consolidating respective industries, increasing cash returned to shareholders. Comments from slides that will be presented at the Jefferies 2015 TMT Conference.
10:47 EDTTWXTurner Broadcasting CEO says has seen ratings erosion at TNT, TBS
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10:43 EDTTWXTurner Broadcasting CEO says 'bullish' time for Turner
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May 13, 2015
07:16 EDTTWXMoffett Nathanson to hold a summit
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06:55 EDTTWXInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
May 10, 2015
18:05 EDTTWXFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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17:35 EDTTWXDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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